ETFGI reports Currency Hedged ETFs and ETPs listed Globally gathered net inflows of US$506 million during September

LONDON — November 1, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that currency hedged ETFs and ETPs listed globally gathered net inflows of US$506 billion during September 2018. Total assets decreased to US$146 billion at the end of September 2018, down 0.52% from US$147 billion at the end of August, according to ETFGI’s September 2018 Currency Hedged ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)
 
Highlights

  • Assets invested in Currency Hedged ETFs/ETPs listed decreased by 0.52% during September 2018 to $506 Mn.
  • In September 2018, Currency Hedged ETFs/ETPs listed Globally saw net inflows of $506 Bn.
  • Year-to-date, assets invested in Currency Hedged ETFs & ETPs have remained unchanged.

“Developed markets were broadly up during September following positive economic data from the US, Japan and Eurozone, despite the US-China trade dispute and on-going political tension in Globally. Developed Markets ex-US gained 0.68% during the month while the S&P 500’s winning streak tapered off, gaining only 0.57%, with mid to small cap US equities closing down. Developing markets downward trend continued, with EM markets down 1.37% and Frontier markets down 0.18%, bringing year to date declines to 8.08% and 7.56%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of September 2018, there are 722 currency hedged ETFs/ETPs, with 1,491 listings, from 68 providers on 27 exchanges. Due to net inflows and market moves the assets invested in currency hedged ETFs/ETPs listed in the Globally decreased by 0.52%, from $147 Bn in August 2018 to $146 Bn.
 
Currency Hedged ETF and ETP asset growth as at end of September 2018
 
 
 
Euro hedged ETFs/ETPs attracted the largest net inflows during September with $319 Mn, bringing net inflows for 2018 to $4.31 Bn. Total assets invested in Euro hedged ETFs/ETPs reached $44.3 Bn by the end of September. ETFs/ETPs hedged against the US dollar hold the most assets, at $51.5 Bn, despite seeing net outflows of $6.65 Bn year-to-date. 
 
A high proportion of net inflows during September can be attributed to the top 10 ETFs/ETPs by net new assets, which collectively gathered $6.01 Bn. The Vanguard Total International Bond ETF USD Hedged (BNDX US) attracted net inflows of $351 Mn, the largest in September.
 
Top 10 ETFs/ETPs by net new assets September 2018: Global
 

Name        Ticker Assets
(US$ Mn)
 Sep-18
ADV
(US$ Mn)
Sep-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Sep-18
Vanguard Total International Bond ETF BNDX US 11,962 49 2,832 351
AMUNDI ETF S&P 500 EUR Hedged Daily UCITS ETF 500H FP 1,491 1 681 192
WisdomTree Japan Hedged Equity Fund DXJ US 5,762 99 (3,447) 179
Lyxor S&P 500 UCITS ETF - Daily Hedged D-EUR SP5H FP 1,092 1 491 168
iShares J.P. Morgan $ EM Bond EUR Hedged UCITS ETF EMBE LN 3,453 2 803 120
iShares $ Floating Rate Bond UCITS ETF Acc FLOA LN 1,038 2 1,035 100
iShares Currency Hedged MSCI Japan ETF HEWJ US 1,151 26 2 88
BNP Paribas Easy S&P 500 UCITS ETF EUR Hedged ESEH FP 623 1 365 76
iShares S&P 500 EUR Hedged UCITS ETF (Acc) IUSE LN 4,527 2 1,194 67
iShares $ High Yield Corp Bond UCITS ETF IHYE LN 151 0 152 61


 
Investors have tended to invest in currency hedged large cap ETFs in September.
 
Please contact [email protected] if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services.



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Attribution Policy 
The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI is a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com
 
About ETFGI 
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About Deborah Fuhr 
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates. 
 
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997. 

ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry. 
 
Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016. 
 
Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 4,100 members in chapters around the world. 

Contact: 
Deborah Fuhr 
Managing Partner 
ETFGI 
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